Fineotex Chemical Ltd Stock Analysis

BSE: 533333 | NSE: FCL | Chemicals | Small Cap

BSE Share Price 23-Sep-2022 18:01
352.20 -8.00 (-2.22%)

DeciZen - Make an Informed Decision on Fineotex Chemical

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Fineotex Chemical Price Chart

P/E Ratio (SA) :
80.77
Market Cap :
3,900.6 Cr.
52-wk low :
103
52-wk high :
409.5
Bole Toh?

1. Is Fineotex Chemical Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Fineotex Chemical Ltd is a average quality company.

2. Is Fineotex Chemical Ltd undervalued or overvalued?

The key valuation ratios of Fineotex Chemical Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Fineotex Chemical Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Fineotex Chemical Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Fineotex Chemical:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fineotex Chemical Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.9%9.9%17.3%19.2%22.5%19%13%13.2%21.4%21.2%-
Value Creation Index -0.3-0.30.20.40.60.4-0.1-0.10.50.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 40.753.56568.574.790.1113129129250269
YoY Gr. Rt. %-31.4%21.6%5.4%9%20.6%25.1%14.4%0.5%93.1%-
Adj EPS 0.50.511.41.91.91.51.73.23.94.4
YoY Gr. Rt. %-6%96.2%29.8%40.7%1.6%-21.2%12.5%88.3%20.5%-
BVPS (₹) 4.95.46.37.59.210.912.413.316.42021.1
Adj Net Profit 5.65.911.615.121.121.516.91935.642.948
Cash Flow from Ops. 1.3-1.38.29.210.69.13.422.2-0.813.5-
Debt/CF from Ops. 4.8-2.90.20.30.10.50.60.1-4.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.4%27.4%30.5%93.1%
Adj EPS 25.6%15.4%36.7%20.5%
BVPS 1716.917.222.5
Share Price 63.3% 64.7% 131.2% 167%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 10.710.417.819.622.719.31313.321.721.321.2
Op. Profit Mgn % 149.518.327.224.926.522.521.624.121.421
Net Profit Mgn % 13.811.117.922.128.323.91514.727.517.217.9
Debt to Equity 0.10.100000000-
Working Cap Days 1771851751591551741982042501870
Cash Conv. Cycle 4347413945577679108860

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.20%

Sales growth is growing at healthy rate in last 3 years 30.46%

Net Profit is growing at healthy rate in last 3 years 36.67%

Sales growth is good in last 4 quarters at 71.03%

No data to display

Latest Financials - Fineotex Chemical Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 5.9
TTM Sales (₹ Cr.) 269 441
BVPS (₹.) 21.1 25.5
Reserves (₹ Cr.) 211 260
P/BV 16.73 13.81
PE 80.77 59.57
From the Market
52 Week Low / High (₹) 103.00 / 409.45
All Time Low / High (₹) 1.56 / 409.45
Market Cap (₹ Cr.) 3,901
Equity (₹ Cr.) 22.2
Face Value (₹) 2
Industry PE 37.3

Management X-Ray of Fineotex Chemical :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Fineotex Chemical

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Fineotex Chemical Ltd

Fineotex Chemical Limited (FCL) was incorporated as a private limited company under the Companies Act 1956, on January 30, 2004 in the State of Maharashtra and its constitution was changed to a public limited company vide a new certificate of incorporation dated October 19, 2007. It is promoted by the members of the Tibrewala family, the company is in the business of manufacturing specialty chemicals and enzymes. The registered and corporate office of the company is situated at 42 and 43 Manorama Chambers, S.V. Road, Bandra West Mumbai 400 050.

The company has acquired the business of Fineotex Chemical Industries, a proprietorship concern of Surendra Kumar Tibrewala, which was set up in the year 1995 at Mahape, MIDC in Navi Mumbai. Fineotex Chemical Industries was engaged in the manufacturing of specialty chemicals for Textile and Garment Industry (right from Pre-treatment Chemicals to finishing products), Leather Industry, Agrochemical Industry, Paper Industry, Paint Industry, Construction chemicals, Wood and Sticker Industry etc. It also manufactured various value added specialty chemicals and enzymes.

The company acquired the business of Fineotex Chemical Industries by executing the deed of Assignment dated April 1, 2007 for a lump sum cash consideration of Rs 3 crore only and acquired all assets and liabilities related to the business. Pursuant to this deed of assignment, the proprietor of Fineotex Chemical Industries was allotted 30, 00,000 equity shares of Rs 10 each of Fineotex Chemical Limited.

The company proposes to set up a manufacturing facility for the production of specialty chemicals and enzymes with a capacity of 13,125 MT/annum in and around Khopoli in Maharashtra and to set up a sales office at Mumbai. Setting up this project would be a step towards expansion of current business i.e. manufacturing of specialty chemicals and enzymes for construction, textile and garments, leather and water treatment industry. This expansion would help us tap the potential of the increasing demand of the specialty chemicals in the above industries.

Business area of the company

The company manufactures specialty chemicals consumed by textile and garment industry, leather, construction, adhesives paper, water treatment, agrochemicals, paint and other industries. The company’s existing plant is located at A - 699 and A - 700, TTC Industrial Area, Mahape, Navi Mumbai, District Thane. Its products have an established international market in countries like Bangladesh, Indonesia, Bulgaria, Pakistan, Colombia, Singapore, etc. Also, the company’s products are sold in Indian cities like Mumbai, Balotra Bhilwara, Delhi, Ludhiana, Tirupur, Karur, Erode, etc.

Milestones

  • 1995: Incorporation of Fineotex Chemical Industries (FCI)
  • 2003: FCI received ISO 9001:2000 from JAS-ANZ Certification
  • 2003: Registered Trademark for ‘FINEOTEX’
  • 2004: Incorporation of Fineotex Chemical Private Limited
  • 2007: Acquisition of business of Fineotex Chemical Industries by Fineotex Chemical Private Limited
  • 2007: Converted to Public Limited Company
  • 2007: FCL received ISO 9001:2000 from JAS-ANZ Certification

 

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